Are You Bi-Curious? (About Business Intelligence)

ARE YOU HAL 9000 | looks into Business Intelligence BI-CURIOUS? "I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to do. " in the workplace can be A INJURIES prevented due to BI. 31% of survey respondents had a hard time getting C-level support for analytics investment. | MONEYBALL was guided by BI decisions.. it was nominated for Best Picture. FEBREZET marketing campaign aided by BI .. sales now BUSINESS ANALYTICS MARKET SPENDING LT. SPENDING hit over $1 billion a year. TARGET marketing campaign aided by BI ... revenues grew from $44 billion in 2002 to $67 billion in 2010. for every $1.00 hyaes yields $T0.66 TARGET. spent on business ROI analytics► "Heightened focus on items and categories that appeal to specific guest segments such as mom and baby." 95% 92% 91% 90% 85% % of people influenced .or significantly influenced by BI 65 48% BETTER INSIGHT INTO OPERATIONS DATA INTEGRATION AND/OR CENTRALIZATION DATA CONSISTENCY FASTER PROCESS/REPORTING CYCLE TIME BETTER EXECUTIVE DECISION MAKING INCREASED COMPETITIVE ADVANTAGE REGULATORY COMPLIANCE $49 149% 86% of customers won't of people are using one use technology to assist in shopping form of technology for shopping, which can be - IBM tracked and attributed of customers used two pieces of technology while shopping in 2010 Rule #1 of Business Forecasting: You're always wrong, but how wrong are you? "It can only be attributable toI|| human error." 74% of organizations manually assembled data from various sources negatively affects daily operations. of business intelligence Business Intelligence appears in more CIO budgets after an IT disaster/recovery than any other IT initiative 37% implementations run over projected budgets. "I've just picked up a fault in the AE35 unit. It's going to go 100% failure in 72 hours. "Despite the existence of abundant information about product movement, average forecast error remains 48 percent for consumer products companies." How businesses view their own Bl use compared to competitors We are better than 75% of our competitors We are better than 50% of our cormpetitors We are We are below We have no idea average average Infographic by DSquared-Media dsquared-media.com (888) 716-9940 MEDIA Sources: Hal 9000 image via Cryteria http://en.wikipedia.org/wiki/Moneyball http://analytics.typepad.com/oz-analytics Robert F. Byrne, president and CEO of Terra Technology 2001: A Space Odyssey imagery copyright Warner Bros, http://static.infotech.com/images/Impact_BI_graph.jpg http://www.practicalforecasting.com/laws-of-forecasting.html http://blog.infotech.com/facts-stats/business-intelligence-facts http://www.analytics-magazine.org/special-articles/523-headlines-temp http://www.cioinsight.com/c/a/Past-News/Business-Intelligence-Facts-and-Figures http://www.analytics-magazine.org/fall-2009/177-decision-processes-analysis-placebos http://public.dhe.ibm.com/common/ssi/ecm/en/gbe03390usen/GBE03390USEN.PDF http://timoelliott.com/blog/2011/12/survey-everybody-uses-data-better-than-their-competitors.html http://www.slideshare.net/findwhitepapers/business-intelligence-for-the-small-to-medium-sized-business http://timoelliott.com/blog/2012/02/what-ifound-interesting-about-gartner-bi-summit-2012-london.html http://nucleusresearch.com/research/notes-and-reports/analytics-pays-back-10-dot-66-for-every-dollar-spent http://searchbusinessanalytics.techtarget.com/guide/Biggest-data-analytics-challenge-Tying-results-to-business-actions